• Egyptian fintech unicorn MNT-Halan raised USD 71.4M via its seventh securitised bond, reinforcing reliance on debt markets.
• The bond is part of an EGP 8B (USD 168M) securitisation program, offering diversified tranches rated by MERIS.
• Securitisation allows MNT-Halan to unlock immediate cash for new loans, scaling lending without diluting equity, signaling sustained investor confidence.
  

MNT Halan

Egypt’s fintech unicorn, MNT-Halan,  raised USD 71.4 million (EGP 3.4B)  via its seventh securitised bond issuance. With this, it is reinforcing its reliance on debt markets to fund rapid lending growth.

The issuance is part of a broader EGP 8 billion (USD 168M) securitization programme approved by Egypt’s Financial Regulatory Authority (FRA).

Commercial International Bank (CIB) and CI Capital jointly managed the transaction. Its structure is divided into five tranches with maturities ranging from six to 36 months. Each tranche received credit ratings from Middle East Rating & Investor Services (MERIS), offering investors a diversified risk and duration profile.

Founded in 2018 by Mounir Nakhla and Ahmed Mohsen, MNT Halan is a fintech company aiming to transform access to financial services through technology. It provides business and consumer loans, prepaid cards, e-wallets, investments, savings, and e-commerce services through the Halan app and a nationwide physical presence.

Securitization

By using securitization, MNT-Halan turns its loans into investable assets. This gives it immediate cash to issue new loans, grow its lending, and meet rising credit demand, without giving up equity.

The latest issuance reflects investor confidence in MNT-Halan’s loans and repayment track record. It also highlights the company’s focus on a repeatable debt strategy to support long-term growth in Egypt’s consumer finance market.

Bottom line: MNT-Halan’s latest bond underscores the viability of securitisation as a funding tool for rapid, sustainable lending growth. The fintech aims to continue scaling its loan portfolio while investors maintain confidence in its financial stability.